The Interim Measures for the Administration of Personal Loans have corresponding provisions:

Article 11? Personal loan application shall meet the following conditions:

(a) the borrower is a citizen of People's Republic of China (PRC) with full capacity for civil conduct or an overseas natural person who meets the relevant provisions of the state;

(2) The purpose of the loan is clear and legal;

(3) The amount, duration and currency of the loan application are reasonable;

(4) The borrower has the willingness and ability to repay;

(5) The borrower's credit status is good and there is no significant bad credit record;

(6) Other conditions required by the lender.

? Extended data:

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Relevant laws and regulations of Interim Measures for the Administration of Personal Loans:

Article 34? If the borrower pays by itself, the lender shall agree with the borrower in advance in the loan contract, requiring the borrower to report or inform the lender of the payment of loan funds on a regular basis.

In terms of loan purposes, it is emphasized that loans without specific purposes should not be issued, and loan funds should be managed and controlled by means of entrusted payment by the lender or independent payment by the borrower, and no additional conditions should be set for the application of specific personal loan business types.

Article 35? Lenders should establish an effective whole-process management mechanism for personal loans, formulate loan management systems and operating procedures for each loan type, clarify the corresponding loan objects and scope, implement differentiated risk management, and establish an assessment and accountability mechanism for each operation link of loans.

Baidu Encyclopedia-Interim Measures for the Administration of Personal Loans